Thursday, October 30, 2008

What Nobody's Saying: The Bailout Will Kill the Dollar

Populist America.com:

"But besides the direct bill handed to taxpayers for this gigantic con, there is the fact that adding that much to the national debt is also going to drive the dollar down precipitously against foreign currencies. We're already seeing that happen, even while they're just talking about the bailout. The dollar is falling against all major currencies - the Euro, the Yen, the Renminbi and the British pound. And it will continue to fall as the details of the bailout come out."

No comments: